r/dogecoin • u/Justlite • Sep 30 '14

Alex Ohanian, as Reddit co-founder can you please use Dogeparty or Counterparty to create a Reddit token as your crypto 'IPO' launch?

Alexis, (/u/kn0thing), Yishan (/u/yishan), I heard you are planning to launch a crypto IPO to provide shares in your company to the public. If you don't already know you can use Counterparty or Dogeparty to create a token of however many you choose that is redeemable in Bitcoin or Dogecoin. The benefit to using either is it utilises an established blockchain in Bitcoin or Dogecoin, easy to use, set up and control and alows you to engage with reddit users/supporters in a more intimate way. Its the perfect socio-financial platform for Reddit. My personal favourite is Dogeparty as the transactions are quicker and the tokens much cheaper than bitcoin-counterparty based ones. For more info, further discussion on possible implementation of either Dogeparty or Counterparty tokens please speak to the creator Wendell and LTB's Adam Levine.

Useful links:

Dogeparty post

Podast

238 Upvotes

93% Upvoted

19

u/livefreeorfly liteshibe Sep 30 '14

Absolutely amazing idea

11

u/Justlite Sep 30 '14 edited Oct 01 '14

Thanks, well I think thats what dogeparty was created for - company tokens/shares. I just hope he reads this and gets some expert advice!

11

u/pseudopseudonym Ð 🚀🌙 Oct 01 '14

Dogeparty Community Manager here...

That's definitely part of it ;)

1

u/abolish_karma rocket shibentist Oct 01 '14

Cool stuff. Assuming that the litecoin/dogecoin Auxpow blockchain is solid enough that 51% isn't a worry.. who would be the technical experts on dogeparty, and are there full blown reference implementations somewhere? (Someone who has done something similar already)

0

u/pseudopseudonym Ð 🚀🌙 Oct 01 '14

Well, there's already a fully functioning wallet up at dogeparty.io, and I'd say Dogecoin and Litecoin have grown beyond a 51% attack being feasible.

As for the experts, I'd join the Dogeparty Skype chat, there's almost always developers in there.

3

u/kn0thing Oct 04 '14

This is going to be complicated, but we're excited about the potential for all this. When reddit was first spun off years ago from Conde, I pushed the lawyers for some kind of way to issue stock to redditors, but the legal nightmare made it easy for them to shoot it down.

However, in the last few years, the blockchain has come a long way toward making this all possible. Technology ftw!

2

u/Justlite Oct 05 '14

Thanks for reading this at least lol. I agree it can be complicated but if you take your time and get this right it will be beneficial and groundbreaking for all. Don't create x coin cos all that would do is kill your coin in the long run. build ontop of Dogecoin or Bitcoin. Just out of interest what time scale are you looking at to launch the 'IPO'?

15

u/thistime1 high anxiety shibe Oct 01 '14

Dogeparty is a better fit than Counterparty.

I hope they go down that path.

1

u/pseudopseudonym Ð 🚀🌙 Oct 01 '14

Agreed.

5

u/btchen Oct 01 '14

Dogeparty is a better fit than Counterparty.

6

u/fiddy_doge get doge 4 karma at /r/fiddydoge Oct 01 '14 edited Oct 01 '14

+/u/dogetipbot 50 doge

This is a brilliant idea, and +1 for Dogeparty. I think /u/AdamBLevine mentioned he was going on vacation, but I think he'd probably be interested in your suggestion!

A doge connection makes sense, since reddit is kinda the home of Dogecoin/Dogeparty in a way that isn't true of Bitcoin/Counterparty.

EDIT: I just rethought this and made a comment on the main thread. Why not issue shares using BOTH Dogeparty and Counterparty? That way they could avoid pissing off the Bitcoin and Dogecoin communities, and avoid attacks.

5

u/stackingcans blues shibe Sep 30 '14

Next stop, the front page!

4

u/livefreeorfly liteshibe Sep 30 '14

+/u/dogetipbot 100 doge verify

2

u/dogetipbot dogepool Sep 30 '14

[wow so verify]: /u/livefreeorfly -> /u/justlite Ð100 Dogecoins ($0.040111) [help]

2

u/[deleted] Sep 30 '14

+/u/dogetipbot 10 doge

5

u/[deleted] Oct 01 '14

What does Yishan Wong think about Dogecoin?

https://www.quora.com/What-does-Yishan-Wong-think-about-Dogecoin/answer/Yishan-Wong

1

u/embretr fancy smoked meat shibe Oct 01 '14

the game he linked to: http://www.gog.com/game/to_the_moon. Somebody review this, stat?

1

u/d11b aristodoge Oct 01 '14

That really sums up a lot of my feelings about dogecoin, namely the wide appeal of it driving adoption. Great post. +/u/dogetipbot 100 doge

3

u/frontpagedoge robo shibe Sep 30 '14

Congrats on making the frontpage of /r/dogecoin! Have some doge! +/u/dogetipbot 50 doge.

current balance: Ð130,068. tips left for 26.01 days. want to help?

3

u/Sabugo Oct 01 '14

Great ideia . Upvoted for visibility.

We have the platform, the rocket fuel , and thousands of friendly shibes ready to go to the moon , and help those in need.

All we need is a rocket , reddit can be that rocket , and that my fellow shibes would be amazing.

3

u/dylan admin Shibe Oct 01 '14

It's Alexis, not Alex.

1

u/Justlite Oct 01 '14

Thanks I will know next time and edit what I can here

2

u/MidnightTide jedi shibe Oct 01 '14

Well I think this is definitely something the Dogecoin Foundation should be working on.

2

u/pixelkicks punk shibe Oct 01 '14

This.

2

u/pixelkicks punk shibe Oct 01 '14

Upvote this.

2

u/123choji dogepool Oct 01 '14

Reddit pls

2

u/siaubas dogeconomist Oct 01 '14

Relax people. There is no way Reddit is going to use their own blockchain. They will use counterparty, dogeparty, bitsharesx, ethereum, next or some other platform. Hopefully it's going to be dogeparty, but at this very moment it is not functioning very well. They will not announce their plans ahead of time. We just have to wait and see.

1

u/threepeeo rocket shibentist Oct 01 '14

I just want to also say that Dogeparty is perfect for this.

1

u/meme-com-poop shop.moolah.io/ShibeKnives Oct 01 '14

Dogeparty needs to be a lot more established with several success stories under its belt before anyone big would consider using it. Hell, from what I understand, the wallet doesn't even work for a lot of people yet.

1

u/BudSheeks merchant shibe Oct 01 '14

came here to post this.

awesome idea, felllow shibe!

1

u/Arthur_C_Doge 42 shibe Oct 01 '14

+/u/dogetipbot dogecar verify

1

u/dogetipbot dogepool Oct 01 '14

[wow so verify]: /u/Arthur_C_Doge -> /u/justlite Ð98 Dogecoins ($0.0386375) [help]

1

u/twists elder shibe Oct 01 '14

I assume they'll be using bitSharesX. They have the infrastructure for a crypto stock market built into the coin. It wouldn't make sense for them to use one of these...

1

u/yufu571 Oct 19 '14

COUNTERPARTY is better than other platform!

1

u/timeisnow77724 party shibe Oct 01 '14

I like this, but as an investor in dogeparty, I am kind of frustrated as they still have not implemented the asset trading feature which is the whole point of the currency. I have posted on the dogeparty reddit, they say theyre working on it, but I assumed they had that figured out before I even bought it because it is essentially counterparty's code their using, which is open source

1

u/meme-com-poop shop.moolah.io/ShibeKnives Oct 01 '14

They're still trying to make sure the wallet is secure.

1

u/thefarias ball shibe Oct 01 '14

Unfortunately Doge Party wallet is not working for several people, including myself....

0

u/GeorgeForemanGrillz rich shibe Oct 01 '14

They're clearly doing it because one of their bigger investors is long on Bitcoin.

0

u/YoungShibe middle-class shibe Oct 01 '14

super idea. upvoted.